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Hong Kong to drive global yuan use, PBOC official says

HONG KONG: China will push to expand global investors' access to yuan assets and promote Hong Kong as a hub for international use of the Chinese currency, a top policy official said on Tuesday.

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中国人民银行官员称,香港将推动全球人民币使用。

HONG KONG: China will push to expand global investors' access to yuan assets and promote Hong Kong as a hub for international use of the Chinese currency, a top policy official said on Tuesday.

"We should give full play to the role of currency swap arrangements and provide stable and multi-level RMB liquidity support to the offshore market," People's Bank of China Deputy Governor Zou Lan said at the Hong Kong Monetary Authority's Global Financial Leaders' Investment Summit on Tuesday.

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